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Verne Has Possession of a Draft That Has Been Validly

Question 20

Multiple Choice

Verne has possession of a draft that has been validly negotiated to him.His payment process necessarily includes


A) presentment of the draft,dishonor,and notice of dishonor.
B) exhibiting the instrument,showing reasonable identification,and surrendering the draft if it is paid in full.
C) exhibiting the draft,providing a thumbprint signature,and giving a receipt.
D) suspending the underlying debt,applying the shelter rule,and making a demand for payment.

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